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Recession-o-meter swings to slowdown

(CNN) -- CNN's Recession-o-meter swung towards slowdown Thursday as correspondent Richard Quest put big business figures on the spot, pushing them to predict the financial future at at the World Economic Forum in Davos.

CNN anchor Richard Quest updates the recession-o-meter.

Keep checking for video updates as more business figures give their verdicts on which way the global economy is going.

By the close of play on Thursday morning, the slowdown camp had edged ahead, with 17 votes to 15.

Quest says the results have been a surprise -- but their are doubts whether guests are really speaking their mind.

"I came to Davos expecting the recessioners to be overwhelming. Initially the recessions were in the lead, but the Fed's action brought the slowdowners out of the box and now they're in the lead," he said.

"I'm slightly suspicious that some of the slowdowners are taking this as the easy way out."

I-Report

"We think the best is for people to expect more volatility. And why is that? Because there are no physical problems: you don't wait to fill up gasoline, anywhere. But there's a lot of speculation going. So it's just the mood of the market. So you could say there's more psychology in the price, than problems with the physical flow."